It is very safe, Duoduo Wallet is safe in terms of privacy and security. This is the payment tool officially recommended by Pinduoduo. It is safe to bind a bank card for real-name authentication and can be used with confidence. Duoduo Wallet provides bank-level encryption technology to ensure user account security and privacy. Duoduo’s compensation for the loss of money in its wallet is as high as 1 million yuan.

I hope the following information will be helpful to you:

Pinduoduo is a mainstream e-commerce application product on the domestic mobile Internet. A third-party social e-commerce platform focusing on C2M group shopping, it was established in September 2015. By initiating group buying with friends, family, neighbors, etc., users can buy high-quality goods in groups at lower prices. It aims to gather the power of more people, buy better things at lower prices, and experience more benefits and fun. The social concept formed through communication and sharing has formed Pinduoduo’s unique new social e-commerce thinking.

In December 2019, Pinduoduo was selected into the 100 Model Brands at the 2019 China Brand Power Ceremony. In March 2021, Huang Zheng resigned as chairman of Pinduoduo and was succeeded by co-founder Chen Lei.

In April 2015, Pinduoduo was officially launched. On July 25, 2018, on the eve of the Nasdaq listing, a Beijing diaper company, "Dad's Choice", filed a lawsuit in the Federal Court of the Southern District of New York on the grounds of trademark infringement. On July 26, 2018, Pinduoduo officially landed in the U.S. capital market with an issue price of US$19 and a market value of US$24 billion. On August 31, 2018, Pinduoduo (PDD) announced its first financial report since its listing, with 2Q revenue increasing by 2,489 yuan year-on-year. In October 2018, Gome Electric and Pinduoduo have cooperated, with the former providing Pinduoduo with electrical appliances business. . In October 2018, Pinduoduo issued a merchant announcement and adjusted the access conditions for selling audio-visual membership products. After the adjustment, merchants who publish membership products on major film and television platforms under Pinduoduo's secondary category "Music, Film and Television" will need to provide corresponding authorization letters to prove that the video platform membership business operator has indeed authorized the merchant to sell its membership products on Pinduoduo. . Authorization letters include but are not limited to sales authorization letters, sales agency agreements, etc. According to a report from CCTV Economic Network on December 4, 2018, Pinduoduo’s transaction volume increased by 586% in the first quarter, revenue increased by 697%, and its annual active users reached 385.5 million, surpassing JD.com’s 305.2 million to become China’s second largest e-commerce platform. business platform. In February 2019, Pinduoduo was included in MSCI. In August, Pinduoduo (PDD.US) financial outlook: Q2 user indicators are expected to continue to drive revenue growth, and losses per share may narrow year-on-year. On August 17, Pinduoduo's "New Brand Plan" and JVC TV held a new product launch conference to release the first batch of customized smart large-screen TVs since the two parties reached strategic cooperation. Among them, the 65-inch 4K smart large-screen TV is priced at only 1,999 yuan. In December, Pinduoduo launched train ticket business on the app and mini program. In the fourth quarter, Pinduoduo’s total revenue was RMB 10.7927 billion (approximately US$1.5503 billion), which was expected by the market to be RMB 10.93 billion, an increase of 91% from RMB 56.539 in the same period last year. Throughout 2019, Pinduoduo’s total revenue was RMB 30.1419 billion (approximately US$4.3296 billion), an increase of 130% compared with RMB 13.120 billion in 2018. The net loss attributable to Pinduoduo's ordinary shareholders was RMB 6.9676 billion (approximately US$1.0008 billion), compared with a net loss of RMB 10.2976 billion in 2018. Not in accordance with U.S. GAAP, the net loss attributable to Pinduoduo’s common shareholders was RMB 4.2658 billion (approximately US$612.7 million), while the net loss in 2018 was RMB 3.4560 billion.